Easterly ROCMuni Fund Fraud Lawyers

Brokers That Sold The Easterly ROCMuni High Income Fund To Investors May Have Misrepresented The Risks. Shepherd Smith Edwards and Kantas Easterly ROCMuni Fund Fraud Lawyers are Representing Claimants Against Broker-Dealers

Brokerage firms Stifel, Nicolaus & Co., Osaic, Janney Montgomery Scott, and others are currently under scrutiny for selling  Easterly ROCMuni High Income Fund (RMJAX, RMHIX, and RMVHX) to customers. This speculative fund sustained massive losses in June 2025, with its share price dropping from more than $6.00/share to under $3.00/share. With $232M in investments at the end of March, the Fund now holds under $17M.

Shepherd Smith Edwards and Kantas (investorlawyers.com) is offering free, initial, no obligation case consultations to those of you who have suffered losses in the Easterly ROCMuni Fund. Already, in FINRA arbitration, we have filed two separate six-figure bond fraud loss claims against Stifel. One is on behalf of a Colorado investor who worked with broker Timothy Darragh. The other is for a Kentucky investor.

Our securities firm recently visited Kentucky to meet with Easterly ROCMuni investors in person. However, we are also speaking with investors all over the United States. Many have said they were never fully apprised of the true risks by their financial advisor. This could be grounds for a misrepresentation and omission lawsuit against their broker-dealer.

Easterly ROC Muni Fund Allegedly Triggered A Fire Sale  

Easterly ROCMuni High Income Fund is believed to have invested at least 80% of net assets in debt securities, with most of those rated below investment grade. Promoted as a municipal bond, it is more of a junk bond.

On June 13, the Easterly Fund lost 30% of its value. Four days later, it lost more than 50% of its value. These losses occurred after an alleged fire sale, with the Fund’s year-to-date performance hitting a negative 57.34%.

A recent investor class action lawsuit was filed against the Easterly ROCMuni High Income Fund. The plaintiffs made a number of allegations, including:

• Tens of millions of dollars in portfolio assets were marked at artificially inflated prices.
• The Easterly Fund used methodology for pricing and valuation that was flawed, and this raised not just individual asset valuations but also its Net Asset Value (NAV).
• In offering materials, the amount of illiquid assets in The Fund was misrepresented as less than what was actually there.
• There was less diversification among the assets than disclosed.

How Can Our Easterly ROCMuni Fund Fraud Lawyers Help?

The class action litigation is against The Fund. With that type of lawsuit, it is uncertain how long the proceedings could take and if investors will get much back, if anything at all. However, what Easterly ROCMuni High Income Fund investors can do is explore other legal options.

Brokerage firms have a duty to conduct the necessary due diligence into any investment to determine what risks there may be and assess whether an investment is a safe and appropriate recommendation for any of their customers.  Unfortunately, unsuitability, misrepresentations and omissions, excessive concentration, breach of fiduciary duty, negligence, and/or a failure to supervise may have been involved in the marketing and selling of the Easterly Fund brokerage firms.

As an Easterly ROCMuni High Income Fund, you may be able to file your claim against them in FINRA arbitration. This is a much more expedient legal avenue than going to court. Filing your own lawsuit, rather than joining a class action, may maximize your chances for a full recovery.

Shepherd Smith Edwards and Kantas has worked with investors for 35 years. We can help you determine whether your financial advisor should be held liable for your Easterly ROCMuni Fund losses.

Contact Us About Easterly ROCMuni Fund Losses

Representing clients in more than 1000 matters in arbitration, mediation, and litigation, our seasoned high-yield fund attorneys have collectively recovered many millions of dollars for thousands of investors. Call (800) 259-9010 or fill out this form online.